Ballarat North - Invermay

Population growth drivers in Ballarat North - Invermay are above average based on AreaSearch's ranking of recent, and medium to long-term trends

Ballarat North - Invermay's population as of November 2025 is approximately 15,440, showing an increase of 690 people since the 2021 Census. The 2021 Census reported a population of 14,750. This growth is inferred from the estimated resident population of 15,169 in June 2024 and 155 validated new addresses since the Census date. The population density ratio is 211 persons per square kilometer. Since the census, Ballarat North - Invermay's population has grown by 4.7%, positioning it within 1.3 percentage points of the non-metro area (6.0%). Overseas migration contributed approximately 43.0% of overall population gains during recent periods, with all drivers being positive factors.

AreaSearch uses ABS/Geoscience Australia projections for each SA2 area released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch utilises the VIC State Government's Regional/LGA projections released in 2023, adjusting using weighted aggregation from LGA to SA2 levels. Considering projected demographic shifts, Ballarat North - Invermay is forecast to increase its population by 4,436 persons to 2041 based on latest annual ERP population numbers, reflecting a total increase of 27.0% over the 17 years.

Residential development activity is slightly higher than average within Ballarat North - Invermay when compared nationally

Ballarat North - Invermay averaged approximately 68 new dwelling approvals annually over the past five financial years, with a total of 343 homes approved between FY21 and FY25. In FY26, up to the present date, 23 dwellings have been approved. Over these five years, an average of 1.6 people moved to the area for each dwelling built, suggesting balanced supply and demand with stable market conditions.

The average construction value of new properties was $364,000, moderately above regional levels, indicating a focus on quality construction. This financial year has seen $2.9 million in commercial development approvals, reflecting the area's primarily residential character. Compared to the rest of Victoria, Ballarat North - Invermay shows significantly reduced construction activity, with 62% below the regional average per person. This limited new supply generally supports stronger demand and higher values for established dwellings.

Recent construction comprises predominantly detached houses (91%) and a smaller proportion of townhouses or apartments (9%), maintaining the area's low-density nature and attracting space-seeking buyers. The estimated population per dwelling approval is 402 people, indicating a quiet development environment. Future projections estimate Ballarat North - Invermay to add approximately 4,165 residents by 2041, based on the latest AreaSearch quarterly estimate. If current development rates continue, housing supply may struggle to keep pace with population growth, potentially intensifying buyer competition and supporting price increases.

Ballarat North - Invermay has strong levels of nearby infrastructure activity, ranking in the top 30% nationally

Changes in local infrastructure significantly impact an area's performance. AreaSearch has identified 36 projects that could affect the region. Notable ones include La Trobe Street Saleyards Redevelopment, Central Neighbourhood Activity Centre Ballarat North, Ballarat North Precinct Structure Plan, and Ballarat Major Events Precinct Upgrades. The following list details those most likely to be relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

Employment conditions in Ballarat North - Invermay demonstrate strong performance, ranking among the top 35% of areas assessed nationally

Ballarat North - Invermay has an educated workforce with strong representation in essential services sectors. Its unemployment rate is 2.7%, and it experienced a 1.8% employment growth over the year ending September 2025.

As of that date, 7,950 residents are employed, with an unemployment rate of 1.0% below Victoria's state average of 3.8%. Workforce participation is high at 63.6%, compared to Victoria's 57.4%. Key employment industries include health care & social assistance, education & training, and construction. Notably, education & training has a higher share in Ballarat North - Invermay than the regional average, with an employment share of 1.5 times the level.

Conversely, agriculture, forestry & fishing is under-represented, with only 1.3% of the workforce compared to Victoria's 7.5%. Employment opportunities locally may be limited as indicated by Census data on working population versus resident population. Between September 2024 and September 2025, employment levels increased by 1.8%, while labour force grew by 1.5%, leading to a decrease in unemployment by 0.3 percentage points. This contrasts with Victoria's overall trend where employment contracted slightly, and unemployment rose marginally. State-level data from November 25 shows that Victoria's employment grew by 1.13% year-on-year, adding 41,950 jobs, with an unemployment rate of 4.7%. Nationally, employment growth was 0.14%, with an unemployment rate of 4.3%. Jobs and Skills Australia forecasts national employment to expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Ballarat North - Invermay's employment mix suggests local employment should increase by 6.7% over five years and 14.0% over ten years, although these are simple extrapolations for illustrative purposes and do not account for localized population projections.

Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis

Ballarat North - Invermay SA2 had a median taxpayer income of $51,678 and an average income of $66,352 in the financial year 2022, according to postcode level ATO data aggregated by AreaSearch. This was slightly above the national average, contrasting with Rest of Vic.'s median income of $48,741 and average income of $60,693. By September 2025, estimates based on Wage Price Index growth of 12.16% suggest a median income of approximately $57,962 and an average income of $74,420. Census 2021 data shows incomes in Ballarat North - Invermay cluster around the 50th percentile nationally. The predominant income cohort spans 31.2% of locals (4,817 people) with incomes between $1,500 and $2,999, consistent with surrounding regions at 30.3%. Housing costs are manageable with 87.2% retained, but disposable income is below average at the 48th percentile. The area's SEIFA income ranking places it in the 6th decile.

Ballarat North - Invermay is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

In Ballarat North - Invermay, as per the latest Census, 88.3% of dwellings were houses with the remaining 11.6% being semi-detached, apartments, or other types. This compares to Non-Metro Vic.'s 85.6% houses and 14.5% other dwellings. Home ownership in Ballarat North - Invermay stood at 37.0%, with mortgaged dwellings at 36.7% and rented ones at 26.3%. The median monthly mortgage repayment was $1,560, higher than Non-Metro Vic.'s average of $1,499. The median weekly rent in the area was $300, matching Non-Metro Vic.'s figure but significantly lower than the national average of $375 for rents and $1,863 for mortgage repayments.

Ballarat North - Invermay has a typical household mix, with a fairly typical median household size

Family households account for 67.2% of all households, including 29.5% couples with children, 27.7% couples without children, and 9.3% single parent families. Non-family households constitute the remaining 32.8%, with lone person households at 29.4% and group households comprising 3.2%. The median household size is 2.4 people, which aligns with the average for the Rest of Vic.

Ballarat North - Invermay performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes

The area's educational profile is notable regionally, with university qualification rates at 31.2% among residents aged 15+, surpassing the Rest of Vic. average of 21.7% and the SA4 region's rate of 24.6%. Bachelor degrees are most prevalent at 19.9%, followed by postgraduate qualifications (6.7%) and graduate diplomas (4.6%). Vocational credentials are also prominent, with 32.8% of residents aged 15+ holding such qualifications – advanced diplomas comprise 11.1% and certificates make up 21.7%.

Educational participation is high, with 28.1% of residents currently enrolled in formal education. This includes 10.0% in primary education, 7.5% in secondary education, and 4.6% pursuing tertiary education.

Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Ballarat North - Invermay has 61 active public transport stops. These are a mix of train and bus services. There are 52 individual routes operating in total.

Together, they provide 4,019 weekly passenger trips. The average distance from residents to the nearest stop is 299 meters. On average, there are 574 trips per day across all routes. This equates to approximately 65 weekly trips per individual stop.

Health performance in Ballarat North - Invermay is lower than average with common health conditions somewhat prevalent across both younger and older age cohorts

Ballarat North - Invermay has significant health challenges, with common health conditions prevalent across younger and older age cohorts.

Private health cover is held by approximately 52% of its total population (~8,090 people), slightly higher than the average SA2 area. Mental health issues affect 10.1% of residents, while asthma impacts 9.2%. In contrast, 64.4% of residents declare themselves completely clear of medical ailments, compared to 62.3% across Rest of Vic.. The area has a higher proportion of seniors aged 65 and over at 19.3%, with 2,978 people falling into this age category, compared to 17.8% in Rest of Vic.. Health outcomes among seniors present challenges broadly in line with the general population's health profile.

Ballarat North - Invermay is considerably less culturally diverse than average when assessed alongside AreaSearch's national rankings for language and cultural background related metrics

Ballarat North - Invermay had a below average cultural diversity, with 90.4% of its population born in Australia, 92.9% being citizens, and 95.1% speaking English only at home. Christianity was the main religion, comprising 49.7% of people in Ballarat North - Invermay, compared to 45.0% across Rest of Vic.. The top three ancestry groups were English (31.5%), Australian (27.0%), and Irish (13.0%).

Notably, Scottish was overrepresented at 10.0%, Dutch at 2.0%, and Maltese at 0.5%.

Ballarat North - Invermay's population is slightly older than the national pattern

The median age in Ballarat North - Invermay is 40 years, which is slightly below the Rest of Vic.'s average of 43 but above Australia's median of 38. The 25-34 cohort makes up 13.2% of the population in Ballarat North - Invermay, compared to the Rest of Vic.'s average, indicating over-representation. Conversely, the 65-74 age group constitutes 10.8%, showing under-representation. Between the 2021 Census and present, the 35-44 age group has increased from 13.0% to 14.0%. Meanwhile, the 55-64 cohort has decreased from 13.1% to 11.6%. By 2041, population forecasts suggest significant demographic changes in Ballarat North - Invermay. The 25-34 age group is projected to grow by 1,406 people (69%), reaching 3,451 from the current 2,044. The 55-64 cohort is expected to grow modestly, adding only 80 residents at a rate of 5%.